ZipRecruiter Inc (NYSE: ZIP) stock jumped 2.73% on Monday to $12.80 against a previous-day closing price of $12.46. With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.01 million shares. During the session, the Staffing & Employment Services company that operates in wider Industrials sector, reached to the highest price of $12.93 whereas the lowest price it dropped to was $12.60. The 52-week range on ZIP shows that it touched its highest point at $24.05 and its lowest point at $10.27 during that stretch. It currently has a 1-year price target of $14.00. Beta for the stock currently stands at 1.25.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZIP was up-trending over the past week, with a rise of 9.50%, but this was up by 20.53% over a month. Three-month performance dropped to -21.62% while six-month performance fell -20.30%. The stock lost -22.47% in the past year, while it has lost -22.05% so far this year. A look at the trailing 12-month EPS for ZIP yields 0.58 with Next year EPS estimates of 0.28. For the next quarter, that number is 0.07. This implies an EPS growth rate of -6.62% for this year and -42.07% for next year.
Float and Shares Shorts:
At present, 74.32 million ZIP shares are outstanding with a float of 60.02 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.62 million, which was 3.66% higher than short shares on Sep 28, 2023. In addition to Mr. Ian H. Siegel as the firm’s Co-Founder, CEO & Chairman of the Board, Mr. David Travers serves as its President.
Institutional Ownership:
Through their ownership of 90.38% of ZIP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 66.93% of ZIP, in contrast to 35.21% held by mutual funds. Shares owned by individuals account for 33.16%. As the largest shareholder in ZIP with 10.81% of the stake, The Vanguard Group, Inc. holds 7,945,372 shares worth 7,945,372. A second-largest stockholder of ZIP, ArrowMark Colorado Holdings LLC, holds 7,775,341 shares, controlling over 10.58% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in ZIP, holding 5,324,822 shares or 7.25% stake. With a 4.47% stake in ZIP, the Vanguard Explorer Fund is the largest stakeholder. A total of 3,284,938 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.66% of ZIP stock, is the second-largest Mutual Fund holder. It holds 1,957,712 shares valued at 20.85 million. iShares Russell 2000 ETF holds 2.15% of the stake in ZIP, owning 1,582,329 shares worth 16.85 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZIP since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ZIP analysts setting a high price target of $15.00 and a low target of $12.00, the average target price over the next 12 months is $14.00. Based on these targets, ZIP could surge 17.19% to reach the target high and fall by -6.25% to reach the target low. Reaching the average price target will result in a growth of 9.37% from current levels.
Summary of Insider Activity:
Insiders traded ZIP stock several times over the past three months with 30 Buys and 21 Sells. In these transactions, 10,188,139 shares were bought while 9,492,175 shares were sold. The number of buy transactions has increased to 104 while that of sell transactions has risen to 75 over the past year. The total number of shares bought during that period was 18,905,014 while 21,368,642 shares were sold.
